Fears of an all out war in the Middle East impacted financial markets.The Australian share market finished the day down, with gains in mining and energy nearly offsetting losses in technology. Follow the day's events and insights as they happen on the live markets blog.
ASX closes flat ahead of US Fed interest rate decision
Australian stocks closed the day flat ahead of the US Federal Reserve's interest rate decision where the central bank is widely predicted to cut by 25 or 50 basis points. Follow the latest updates in our live blog.
Photo shows A man looks at a share price board outside the ASX in Sydney.David's father lost $1 million to an overseas scam. Months earlier, banks were told to block it
In 2015, ASIC warned Australia's banks to watch out for an overseas investment scam and take action to prevent people falling victim to it. Months later, David Sweeney's father lost $1 million to the very same scheme.
Photo shows A man looks into the camera with a solemn expression, in a portrait taken in a park.Australian share market ends the day higher, as Sydney's Star Casino hit with 'show cause' notice — as it happened
The Australian share market ends the week on a high, following Wall Street's lead, with expectations of a Federal Reserve rate cut next week. See how the day unfolded on our live business blog.
Photo shows Two women look at a share price board outside the ASX in Sydney.First homebuyer loses $280K in scam despite asking bank staff to check transaction was legitimate
Despite consulting with bank staff before transferring his life savings, Ilya Fomin lost $280,000 to scammers. His bank hasn't accepted any responsibility — new scam laws may change that.
Photo shows Ilya Fomin stands near a front doorASX closes lower, Wall Street mixed as economy takes centre stage at US presidential debate — as it happened
Australian stocks closed lower on Wednesday, with a mixed bag on Wall Street, as the economy took centre stage at the US presidential debate.
Photo shows A board at the Australian Securities Exchange showing red and green stocks during trade.Commonwealth Bank's share price continues to defy analyst expectations. Here's why
With Australia's economy growing at its slowest pace in decades and expectations interest rates could soon start to fall, analysts are warning there is too much "exuberance" on the share market.
Photo shows A busy pedestrian crossing at the intersection of Spencer and Collins streets in Melbourne's CBD.Australian shares close higher as investors await US jobs data — as it happened
Australian shares closed higher after mixed results on Wall Street. Tesla pushed up the tech-heavy Nasdaq, while jobs data in the US will have major implications for interest rates. Look back on the day's financial news from our business reporters.
Photo shows Two women look at a share price board outside the ASX in Sydney.Credit card surcharges are added to most purchases, but what are the rules behind these extra fees?
With the pandemic accelerating the use of cards instead of cash — only 13 per cent of Australians use cash, dropping from 27 per cent in the past five years — these extra charges have become mainstream.
Photo shows a woman with a coffee puts her credit card into an eftpos machineWould you consider a 20-year fixed-rate mortgage? Federal MP asks NAB boss to look into it
Could Australia's big banks offer very long-term, fixed-rate mortgages — in the ballpark of 20 to 30 years? That question was raised in a House of Representatives standing committee this week.
Photo shows Andrew Irvine speaks into a microphone.Digital banks are 'a gift' for scammers. Here's what you need to know to keep your savings safe
Neobanks are online-only branches, and experts are concerned they could be more susceptible to scammers.
Photo shows a hand holding a phone with a bank card pulled upInterest rate cuts in the US should mean cuts in Australia too — perhaps quickly
Rate cuts by the US Federal Reserve and other central banks will create a near-irresistible pressure for Australia's Reserve Bank to follow, potentially very soon.
Photo shows Business people walk past a shiny black sign that reads "Reserve Bank of Australia".Why are some banks already cutting interest rates even though the RBA isn't?
Some of our biggest banks made headlines for cutting interest rates this week, even though the Reserve Bank of Australia has kept rates steady for months. Here's why they're lowering them, and what it means for households.
Topic:Explainer
Photo shows A person holds an iPhone with the banking apps for ANZ, Commonwealth Bank, NAB and Westpac open.A surprise small-town win as ANZ rethinks decision to close local branch
A major Australian bank has made the "rare" decision to reverse the closure of one of its branches in regional Victoria.
Photo shows Two people wander into a bank shopfrontAustralian shares follow Wall Street lower, Chalmers says RBA reform has been 'dragging for too long' — as it happened
The Australian share market closed flat on Friday, following Wall Street's retreat overnight, while Treasurer Jim Chalmers says an overhaul of the Reserve Bank has been stalled for "too long". Look back at the day's events.
Photo shows A reflection of people walking past the ASX indicator board.Bank of Queensland confirms 400 job cuts, ASX hits tenth-straight day of gains despite recession warning — as it happened
The ASX200 made its tenth-straight day of gains despite fresh warnings that Australia's economy may be heading towards a recession. Catch up on the day's events and insights as they happened with our business reporters on the ABC News live markets blog.
Photo shows Two women look at a share price board outside the ASX in Sydney.New report finds bank scam victims bear the burden 96 per cent of the time
The Australian Securities and Investment Commission has released a report on how 15 of the country’s banks are responding to an unprecedented increase in scams.
'The writing's on the wall': Australia's largest mortgage lender sets the tone after ditching climate culprits
Australia's biggest bank is blacklisting fossil fuel companies that can't show genuine efforts to reduce emissions, putting pressure on other finance institutions to follow suit.
Photo shows A Commonwealth Bank branch in Melbourne's CBDRBA governor reiterates rate cuts unlikely in the near term, ASX closes higher — as it happened
RBA governor Michele Bullock has doubled down on previous comments that interest rate cuts are unlikely in the near term at a parliamentary hearing in Canberra, while the Australian share market closed higher after a surge on Wall Street. Look back at how the day's events unfolded.
Photo shows A woman sitting tight lipped in front of a microphone.Reserve Bank of NZ cuts interest rates as ASIC sues ASX for alleged misleading statements — as it happened
The Reserve Bank of New Zealand has cut interest rates to 5.25 per cent, while Australia's corporate regulator has announced it's suing the ASX for alleged misleading statements. Look back on the day's events with our blog.
Photo shows A man looks at a share price board outside the ASX in Sydney.ASX closes 0.2pc higher, Australian wages lift 4.1pc in year to June — as it happened
Wage price growth has remained steady at 4.1 per cent over the year to June while the Australian share market closed marginally higher in a cautious trading session. Look back on our blog to see how the day's events unfolded.
Photo shows Two women look at a share price board outside the ASX in Sydney.